Remain flat | 27 Maret 2019

27 Maret 2019, EUR/USD

Remain flat

Technical observation

EUR declined to the key supportive line 1.1251 as predicted yesterday and is currently at it on an increasing bullish momentum, I expect either a possible retracement to the zone 1.1327-1.1321 or a clear breach below the line. Should price rise to 1.1327-1.1321, wait for a bounce within it to re-sell EUR with your take profit at 1.1215 and stop loss at 1.1346 but should there be a clear penetration below 1.1215 with a big red candle, wait for a correction to the just broken line and a bounce at it to short this pair with your take profit at 1.1178.As it is on the hourly chart above, only short positions look ideal and may be recommended.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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